George Operates a Business That Generated Adjusted Gross Income of $250,000

question 19

Multiple Choice

George operates a business that generated adjusted gross income of $250,000 and taxable income of $170,000 this year (before the domestic production activities deduction) .Included in income was $70,000 of qualified production activities income.George paid $60,000 of wages to employees engaged in domestic manufacturing.What domestic production activities deduction will George be eligible to claim this year?

• A) $5,400.
• B) $6,300.
• C) $7,200.
• D) $15,300.
• E) $22,500.

---

Definitions:

Personal Growth

The process of developing and enhancing one's self-awareness, knowledge, skills, and overall well-being.

Big Five

A model in psychology that outlines five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Emotionality

The quality or state of being emotional; the capacity to experience or display emotions intensely.

Openness

In psychology, openness is one of the five major personality traits, characterized by an appreciation for art, emotion, adventure, unusual ideas, curiosity, and variety of experience.